The European Central Bank cuts interest rates by 25 basis points, and the market is paying attention to the latest statement of the Federal Reserve

CoinRank News: The ECB cut interest rates by 25BP as expected, the seventh rate cut in the past year. Note that this decision was unanimous. In addition, Trump urged the Fed to lower interest rates like the ECB. The latest CME Fed Watch data shows that the probability of maintaining interest rates unchanged in May is 86.3%, the probability of a 25 basis point rate cut is 13.7%, the probability of maintaining interest rates unchanged by June is 38.2%, the probability of a cumulative 25 basis point rate cut is 54.1%, and the probability of a cumulative 50 basis point rate cut is 7.6%. In summary, loose monetary policy and severe global trade situation have become the two major factors supporting gold prices in the near future. (Jinshi)